Security Trust Re-Opens its Doors as AST Trust

A former leader in retirement plan recordkeeping and custodial services, personal trust services, and more recently custody services for registered investment advisers, Security Trust Co. fell prey to the SEC's microscope when it was charged in November with late-trading mutual fund abuses. The firm was the first to have criminal charges against then-CEO Grant Seeger and was the first to temporarily close its doors.

But now, the firm is back with a vengeance. With a new name, AST Trust Co., a division of New York-based American Stock Transfer & Trust Co., and a new management team, it's hoping to put a tainted brand in the past and move forward by banking on its technology and customer service offerings to lead it through the changes.